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Decision-making using Choosing by Advantages (CBA) and that incorporates Total Cost of Ownership (TCO) principals provides customer-centric solutions that pay dividends far beyond initial construction. Obtaining a procurement certification or a purchasing certificate can be a wise decision for those aspiring to excel in public procurement.
The Commercial section details all pricing-related information and where bidders submit their pricing and should it include all applicable costs to calculate The Total Cost of Ownership (TCO). Once the draft procurement document is prepared it may be subject to specific legal review and final approval before posting.
This approach works for purchasing commoditized hardware but falls short for assessing cloud solutions. Cloud computing expands organizations’ capabilities through scalability, flexibility, and global reach, eliminating large upfront capital purchases. What value does cloud computing offer that on-premises solutions don’t?
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